Top Quotes From BAI Payments Connect
Newest First  |  Oldest First  |  Threaded View
User Rank: Author
3/18/2013 | 1:51:15 PM
re: Top Quotes From BAI Payments Connect
Riley's point is interesting, that essentially it is impossible to fully secure the mobile device. Behaviorial monitoring and analytics, being able to detect suspicious activity quickly, can be very effective, not just for mobile but all types of financial fraud. Essentially" Know your customer, but a complete view of each and every customer is a difficult thing to get to.
Cara Latham
Cara Latham,
User Rank: Apprentice
3/18/2013 | 12:40:34 PM
re: Top Quotes From BAI Payments Connect
I have to admit I am one of the consumers who will expect the mobile wallet to work everywhere that is "contextually important" in my life, as Todder Moning points out. I think most consumers will be more keen on the idea of having a mobile wallet if it functions like a credit card -- that there are security features built in and we can use it everywhere without having to carry cash or other credit cards. Otherwise, what is the purpose? Personally, as it is, I have a hard time patronizing businesses that don't allow me to use my credit card easily to pay. For me, quick and easy payment methods are attractive, and a mobile wallet that can help that process will be welcomed.

Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.